FX.co ★ Indonesia Equities Extend Drop

Indonesian stocks declined by 17 points, or 0.2%, reaching 8,568 during Wednesday's morning session. This marked the second consecutive session of losses, primarily attributed to weaknesses in the consumer services, consumer durables, and manufacturing sectors. Investor sentiment remained subdued in thin holiday trading, with little reaction to the news that Indonesia and the United States plan to sign a mutual tariff agreement by late January 2026. Concerns were more focused on post-disaster fiscal mobilization as the year drew to a close. Additionally, household spending showed caution and uneven patterns, contributing to a soft tone in the equity market. However, losses were mitigated by record highs on Wall Street's S&P 500, following new data that revealed the U.S. economy experienced its fastest growth in two years during the third quarter. Further positive influence came from China, Indonesia's leading trading partner, as Beijing announced plans to stabilize the property market in 2026. Key decliners included Sinar Mas Multiartha (-2.9%), Barito Pacific (-2.4%), Dian Swastatika Sentosa (-1.7%), and Bumi Resources (-1.0%).